Please ensure Javascript is enabled for purposes of website accessibility Short Duration Flexible Bond Fund - Janus Henderson Investors
For Financial Professionals in the US

JSHSX Short Duration Flexible Bond Fund

Core fund that benefits from a bottom-up, fundamentally driven investment process designed to generate risk adjusted returns and preserve capital

NAV
$2.87
As of 07/12/2024

1-Day Change
$0.01 (0.36%)
As of 07/12/2024

YTD Return
2.90%
As of 07/12/2024

Overview

ABOUT THIS FUND

This dynamic, short-duration bond fund seeks risk-adjusted returns and capital preservation. Our approach leverages a bottom-up, fundamentally driven investment process.

WHY INVEST IN THIS FUND

Dynamic Core Short-Duration Bond Holding
The Fund emphasizes risk-adjusted returns and capital preservation while seeking to identify the best opportunities across fixed income sectors using a bottom-up, fundamentally driven investment process.

Integrated Research
Partnership and fluid communication between fixed income and equity analysts promote idea generation. Credit research emphasizes free cash flow generation, quality of management and security valuation.

Sophisticated Risk Management
Our proprietary fixed income portfolio and risk-management system, Quantum Global, is integrated into the investment process at each step. We identify and measure the sources of risk in the portfolio at multiple levels to confirm that the portfolio is positioned as intended.

PORTFOLIO MANAGEMENT

Greg Wilensky, CFA

Head of U.S. Fixed Income | Portfolio Manager

Industry since 1993. Joined Firm in 2020.

Michael Keough

Portfolio Manager

Industry since 2006. Joined Firm in 2007.

Performance

RETURNS (%) (As of 06/30/2024)
Short Duration Flexible Bond Fund - S Shares Bloomberg 1-3 Year U.S. Government/Credit Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(09/01/1992)
Short Duration Flexible Bond Fund - S Shares 1.20 2.00 6.35 0.21 1.22 1.10 2.97
Bloomberg 1-3 Year U.S. Government/Credit Index 0.95 1.38 4.87 0.55 1.25 1.35 3.40
RETURNS (%) (As of 06/30/2024)
Short Duration Flexible Bond Fund - S Shares Bloomberg 1-3 Year U.S. Government/Credit Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(09/01/1992)
Short Duration Flexible Bond Fund - S Shares 1.20 2.00 6.35 0.21 1.22 1.10 2.97
Bloomberg 1-3 Year U.S. Government/Credit Index 0.95 1.38 4.87 0.55 1.25 1.35 3.40
Calendar Year Returns (%)
Short Duration Flexible Bond Fund - S Shares Bloomberg 1-3 Year U.S. Government/Credit Index
2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Short Duration Flexible Bond Fund - S Shares 5.13 -5.67 -0.47 4.46 3.84 0.54 0.95 0.93 0.37 0.35
Bloomberg 1-3 Year U.S. Government/Credit Index 4.61 -3.69 -0.47 3.33 4.03 1.60 0.84 1.28 0.65 0.77

MORNINGSTAR PERCENTILE

(As Of 06/30/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 28 72 67 87 72
Short-Term Bond | Rank/Count 140/558 362/537 319/515 363/444 100/142
(As Of 06/30/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 28 72 67 87 72
Short-Term Bond | Rank / Count 140/558 362/537 319/515 363/444 100/142

GROWTH OF A HYPOTHETICAL INVESTMENT

Short-Term Bond Fund - S Shares Bloomberg 1-3 Year U.S. Government/Credit Index Short-Term Bond

RETURNS-BASED STATISTICS (As of 06/30/2024 Class I Shares)

RISK / REWARD
VS. Bloomberg 1-3 Year US Govt/Credit TR Index
3YR 5YR
Information Ratio -0.02 0.14
Alpha 0.69 0.55
Tracking Error 1.45 2.13
Beta 1.27 1.24
R-squared (%) 82.90 55.26
UP/DOWN MARKET CAPTURE (%)
VS. Bloomberg 1-3 Year US Govt/Credit TR Index
3YR 5YR
Up Capture Ratio 128.56 129.67
Down Capture Ratio 132.11 130.74
STANDARD DEVIATION 3YR 5YR
Short Duration Flexible Bond Fund 3.19 3.12
Bloomberg 1-3 Year US Govt/Credit TR Index 2.28 1.87
SHARPE RATIO 3YR 5YR
Short Duration Flexible Bond Fund -0.81 -0.19
Bloomberg 1-3 Year US Govt/Credit TR Index -1.13 -0.49
ANNUAL FEES & EXPENSES (As of the most recent prospectus)
CLASS S SHARES
Management Fees 0.44%
12b-1 Fees 0.25%
Other Expenses 1.14%
Total Gross Expenses 1.83%
Waivers -0.93%
Total Net Expenses 0.90%

Portfolio

Index represents the Bloomberg Barclays 1-3 Year U.S. Government/Credit Index.

Top Holdings (As of 05/31/2024)
% of Fund
United States Treasury Note/Bond, 4.62%, 06/30/25 4.65
United States Treasury Note/Bond, 4.50%, 05/31/29 3.77
Centene Corp, 4.25%, 12/15/27 1.85
CF Hippolyta Issuer LLC, 5.97%, 08/15/62 1.39
Danske Bank A/S, 6.47%, 01/09/26 0.94
JPMorgan Chase & Co, 4.08%, 04/26/26 0.93
Bank of America NA, 5.53%, 08/18/26 0.91
Charles Schwab Corp, 5.88%, 08/24/26 0.90
Foundry JV Holdco LLC, 5.90%, 01/25/30 0.87
Celanese US Holdings LLC, 6.35%, 11/15/28 0.86
TOTAL 17.07
View full holdings
Portfolio Characteristics (As of 05/31/2024)
  FUND INDEX
Number of Holdings
Debt Issues
378 2010
Portfolio Turnover Rate
(1-year trailing)
111.31% -
Weighted Average Maturity
(years)
3.39 1.88
Effective Duration
(years)
2.17 1.77
Yield to Worst
6.19% 5.06%
Sector Allocation % of Fund % of Index % of Fund % of Index As of 05/31/2024
Regional Allocation % of Fund % of Index % of Fund % of Index As of 05/31/2024
Developed vs Emerging Markets % of Fund % of Index % of Fund % of Index As of 05/31/2024
Credit Quality of Fixed Income Holdings % of Fund % of Index % of Fund % of Index As of 05/31/2024
Maturity Breakdown of Fixed Income Holdings % of Fund % of Index % of Fund % of Index As of 05/31/2024

Documents